First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Short Interest Update

First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 327,500 shares, an increase of 18.1% from the August 31st total of 277,400 shares. Based on an average daily trading volume, of 700,200 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of First Trust NASDAQ Rising Dividend Achievers

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% in the second quarter. LPL Financial LLC now owns 19,372,722 shares of the company’s stock valued at $1,060,656,000 after buying an additional 687,098 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 6,872,756 shares of the company’s stock valued at $376,283,000 after acquiring an additional 1,084,117 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% in the second quarter. Commonwealth Equity Services LLC now owns 4,634,769 shares of the company’s stock worth $253,754,000 after purchasing an additional 210,398 shares during the last quarter. Global Assets Advisory LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5,315.6% in the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after purchasing an additional 4,138,153 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,209,445 shares of the company’s stock valued at $175,717,000 after purchasing an additional 159,003 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $58.95 on Monday. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $43.30 and a 52-week high of $59.38. The company has a market capitalization of $11.73 billion, a PE ratio of 10.08 and a beta of 1.15. The company has a fifty day moving average of $57.13 and a 200-day moving average of $55.71.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be given a $0.1912 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.76 annualized dividend and a yield of 1.30%.

First Trust NASDAQ Rising Dividend Achievers Company Profile

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.